Y & D Collins Limited Acquires Retail Property On Collins Avenue, Miami Beach For $5.5M
6644 Collins Ave Miami Beach, FL 33141, USA
$5,500,000
$632/SF
Building Size
8,700 SF
Asset Type
Retail
Closing
Jul 19, 2023
AI
The property involved in this transaction is a retail space located at 6644-6650 Collins Avenue in Miami Beach. The property spans 8,700 square feet and was sold for a price of $5,500,000, resulting in a price per square foot of $632. The buyer, Y & D Collins Limited, represented by Haim Yehezkel, purchased the property from the seller, Jonas Family Trust.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $5,500,000
- Address: 6644-6650 Collins Avenue, Miami Beach
- Market: Miami Beach
- Buyer: Y & D Collins Limited - Haim Yehezkel
- Seller: Jonas Family Trust
- Buyer's Representative: Greg Greer - Charles Rutenberg Realty
- Seller's Representative: Nelson Gonzalez - Berkshire Hathaway HomeServices
Greg Greer from Charles Rutenberg Realty represented the buyer, while Nelson Gonzalez from Berkshire Hathaway HomeServices represented the seller in this transaction.
Players
Miami Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.88%
Cash-on-Cash
-0.82%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93